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ACM

Advent Capital Management Portfolio holdings

AUM $3.63B
1-Year Est. Return 0.29%
This Fund
S&P 500
This Quarter Est. Return
+1.38%
1 Year Est. Return
-0.29%
3 Year Est. Return
+1.05%
5 Year Est. Return
-0.73%
10 Year Est. Return
+3.33%
AUM
$5.95B
AUM Growth
+$543M
Cap. Flow
-$4.04B
Cap. Flow %
-67.96%
Top 10 Hldgs %
21.34%
Holding
318
New
55
Increased
14
Reduced
16
Closed
33

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$197M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$113M
3
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$98M
4
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$62.7M
5
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$43.6M

Top Sells

Rank Stock Value
1
SWT
Stanley Black & Decker, Inc.
SWT
+$6.09M
2
ELAT
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
+$5.32M
3
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$4.86M
4
DCUE
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
+$4.35M
5
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$4.25M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 0.5%
2 Utilities 0.39%
3 Healthcare 0.29%
4 Financials 0.21%
5 Energy 0.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC.PRL icon
1
Bank of America Series L
BAC.PRL
$3.99B
$199M 3.35%
+137,053
New +$197M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
$113M 1.9%
+75,503
New +$113M
KKR.PRC
3
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
$98.5M 1.66%
+1,057,854
New +$98M
SWT
4
DELISTED
Stanley Black & Decker, Inc.
SWT
$80.3M 1.35%
734,191
-56,193
-7% -$6.09M
AVGOP
5
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
$74.2M 1.25%
+35,797
New +$62.7M
AEPPZ
6
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$66.6M 1.12%
1,272,139
+177,573
+16% +$9.02M
NEE.PRQ
7
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$64.2M 1.08%
1,111,664
-77,637
-7% -$4.25M
NIMC
8
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
$63.4M 1.07%
565,500
+70,000
+14% +$7.52M
QQQ icon
9
CALL
Invesco QQQ Trust
QQQ
$484B
$60.7M 1.02%
+152,500
New +$58.9M
DHR.PRB
10
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
$46.2M 0.78%
+26,406
New +$43.6M
BSX.PRA
11
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$38.8M 0.65%
+338,877
New +$38.7M
NEE.PRP
12
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$36.2M 0.61%
629,769
-69,006
-10% -$3.76M
DCUE
13
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$31.1M 0.52%
309,763
-43,912
-12% -$4.35M
SOLN
14
DELISTED
The Southern Company
SOLN
$23.3M 0.39%
432,913
-37,400
-8% -$1.93M
DTP
15
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$22.5M 0.38%
437,333
+4,000
+0.9% +$201K
ELAT
16
DELISTED
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
$20.6M 0.35%
462,428
-110,560
-19% -$5.32M
RBCP
17
DELISTED
RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
$18.2M 0.31%
171,915
+5,915
+4% +$660K
AESC
18
DELISTED
The AES Corporation
AESC
$15.5M 0.26%
161,342
-6,678
-4% -$654K
AVTR.PRA
19
DELISTED
Avantor, Inc. Series A Mandatory Convertible Preferred Stock
AVTR.PRA
$14.2M 0.24%
+109,765
New +$13.3M
BDXB
20
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B
BDXB
$13.2M 0.22%
+252,222
New +$13.2M
PARAP
21
DELISTED
Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
$11.1M 0.19%
+222,963
New +$12.8M
FLG.PRU
22
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$10.5M 0.18%
198,323
+258
+0.1% +$13.6K
PCGU
23
DELISTED
PG&E Corporation
PCGU
$9.82M 0.17%
84,719
-36,281
-30% -$4.1M
COP icon
24
ConocoPhillips
COP
$141B
$6.5M 0.11%
90,000
– –
NEE.PRO
25
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$6.18M 0.1%
90,896
-76,500
-46% -$4.86M
1
2 3 4 5

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Advent Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Advent Capital Management held 318 positions worth $5.95B, up 10% from $5.41B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Advent Capital Management withdrew a net $4.04B in Q4 2021, closing 33 positions and reducing 16 holdings. Its most notable exit was Lockheed Martin, an estimated $3.8M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 0.5% of assets, down from 0.54% a quarter earlier, followed by Utilities and Healthcare.

Against the trend, Advent Capital Management opened a new position in Bank of America Series L worth $199M.

  • Advent Capital Management's largest Q4 2021 buy was Bank of America Series L: 137,053 shares worth $199M.
  • Advent Capital Management added most to American Electric Power Company, Inc. Corporate Units in Q4 2021, an estimated $9.02M increase.
  • Advent Capital Management's biggest Q4 2021 reduction was Stanley Black & Decker, Inc., cutting an estimated $6.09M.
  • Advent Capital Management fully exited Lockheed Martin in Q4 2021, selling an estimated $3.8M.
  • Advent Capital Management's ten largest holdings make up 21% of its $5.95B portfolio in Q4 2021.
  • Advent Capital Management opened 55 new positions and closed 33 in Q4 2021.
  • Advent Capital Management's portfolio value rose 10% quarter-over-quarter to $5.95B.

Based on Advent Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.